NAB expands advice compensation scheme
26 October 2015
NAB will write to customers who may have received non-compliant advice since 2009, and will offer compensation if claims against it are upheld…
Life Insurance
AFA expands membership team as numbers grow
26 October 2015
The Association of Financial Advisers has expanded its membership support team in response to growing numbers…
AFA appoints head of policy and professionalism
19 October 2015
The Association of Financial Advisers has appointed Samantha Clarke to the new role of GM Policy, Professionalism and Marketing…
NZ adviser designations ‘cause confusion’
19 October 2015
The various designations for advisers in New Zealand leave consumers confused, AMP has warned…
Nippon Life poised to enter Australian market via NAB
19 October 2015
Nippon Life has moved a step closer to entering the Australian life insurance market by signing a memorandum of understanding with NAB…
Insurers face uncertainty under TPD definitions
19 October 2015
There is an increasing need for “robust and reliable evidence” when handling total and permanent disability claims, a white paper from MetLife and Swiss Re says…
Prescott moves into ‘family office’ sector
19 October 2015
Prescott Securities is to offer “family office” services, and has appointed Malcolm Caire to run the Adelaide-based business…
FPA produces life guide
19 October 2015
The Financial Planning Association has refocused on quality of advice with the introduction of a new life insurance guide…
AFA takes clawback case to new Assistant Treasurer
12 October 2015
The Association of Financial Advisers will again push for changes to the clawback proposal when it meets new Assistant Treasurer Kelly O’Dwyer this week…
Insurers can’t justify premium increases, comparator says
12 October 2015
A life insurance comparator has questioned premium increases by the major companies following a good financial reporting season…
ASIC bans Commonwealth advisers
12 October 2015
The Australian Securities and Investments Commission has banned two Commonwealth Financial Planning advisers, in a move welcomed by the bank…
Zurich seeks next generation of advisers
12 October 2015
Zurich Financial Services Australia has linked up with talent mentoring group Grad Mentor to raise awareness of financial planning careers among university graduates…
Young advisers to hold conference
12 October 2015
XY Adviser will hold its first full-day conference in Sydney next month, to share innovative ideas among younger advisers…
Direct life under pressure but retaining its edge: report
05 October 2015
Australia’s direct life insurance sector has recorded falling sales as group life insurers increase market share, according to a new report from Rice Warner…
AIA names group life chief
05 October 2015
AIA Australia has appointed Stephanie Phillips as Chief Group Insurance Officer, responsible for distribution, product, pricing and operations…
CBA to review more compensation cases
05 October 2015
A further 1598 cases have been registered with the Commonwealth Bank’s Open Advice Review program…
BT changes terminal illness conditions
05 October 2015
BT has extended its life expectancy time provision for terminal illness conditions from 12 months to 24 following legislative changes…
Italian group adds Melbourne practice to network
05 October 2015
Italian-owned dealer group AZ Next Generation Advisory has bought its fourth local practice in as many months…
TAL remains top life insurer, as AIA mounts challenge
28 September 2015
TAL has kept its crown as Australia’s biggest life insurer by total annual premium, according to the latest data from Dexx&r…
AMP broadens Horizons in bid to raise education standards
28 September 2015
AMP has introduced more flexible study options and increased practical experience in a revamp of its Horizons education program…